Raymond James Weighs in on Cameco’s Q1 Earnings (NYSE:CCJ)

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Research analysts at Raymond James boosted their Q1 2025 earnings estimates for Cameco in a research report issued to clients and investors on Thursday, November 21st. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings per share of $0.34 for the quarter, up from their prior forecast of $0.33. The consensus estimate for Cameco’s current full-year earnings is $0.70 per share. Raymond James also issued estimates for Cameco’s Q4 2025 earnings at $0.45 EPS and FY2025 earnings at $1.54 EPS.

A number of other research firms have also recently commented on CCJ. Scotiabank reduced their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Glj Research reaffirmed a “buy” rating and set a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Finally, National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $66.56.

Cameco Price Performance

Cameco stock opened at $60.11 on Monday. The stock’s 50 day moving average price is $51.66 and its two-hundred day moving average price is $48.67. The stock has a market capitalization of $26.16 billion, a price-to-earnings ratio of 316.37 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. Cameco has a 52-week low of $35.43 and a 52-week high of $60.98.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same quarter last year, the company earned $0.24 earnings per share. The company’s quarterly revenue was up 25.4% compared to the same quarter last year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a dividend of $0.118 per share. This represents a dividend yield of 0.22%. This is an increase from Cameco’s previous annual dividend of $0.09. The ex-dividend date of this dividend is Wednesday, November 27th. Cameco’s dividend payout ratio (DPR) is presently 57.89%.

Institutional Trading of Cameco

Several hedge funds have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA purchased a new position in shares of Cameco during the 2nd quarter valued at $73,125,000. CIBC Asset Management Inc grew its position in shares of Cameco by 58.0% in the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock valued at $181,382,000 after purchasing an additional 1,386,639 shares in the last quarter. M&G PLC purchased a new position in Cameco during the third quarter valued at approximately $66,227,000. Segra Capital Management LLC purchased a new stake in Cameco in the 3rd quarter worth approximately $53,013,000. Finally, Fred Alger Management LLC boosted its holdings in Cameco by 99.7% in the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock valued at $80,249,000 after purchasing an additional 839,077 shares during the period. Institutional investors own 70.21% of the company’s stock.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.